A taxpayer could not deduct purported business expenses associated with writing and research activities held to be not engaged in for profit under Sec. 183.

Unauthorized distributions to a corporation’s shareholders did not terminate an entity’s S status since the shareholders did not authorize or create a second class of stock in the entity’s governing ...

Rather than viewing audits as drudgery or simply a compliance exercise, business leaders can use them as a strategic tool to ...

Executors must choose between a calendar year or fiscal year for an estate’s taxable year, a decision with lasting financial ...

The Internal Revenue Service (IRS) issued Notice 2024-85 this week, granting transitional relief for third-party settlement ...

So, as Newsom calls for a special legislative session to figure out how to protect Californians from losing their freedoms, ...

After a complicated and delayed launch last year, the Department of Education released the 2024-25 Free Application for ...

Evan Bobzin, 39, of Chester, was sentenced to 24 months in federal prison Wednesday for stealing nearly $2 million from his employer, ...

Every year, many folks shop on the Saturday after Thanksgiving to save on gifts. But did you know that New Mexico has a tax ...

You can choose lock your SSN after a data breach but it's a different process and offers different perks than freezing your ...

Kubey is something of a tax influencer, not just on social media, but also by virtue of constantly passing along her knowledge to younger generations of tax professionals at conferences and continuing ...

Charitable giving, Form 1099-K reporting, SCOTUS agrees to hear a tax-related case, filing deadlines, industry updates, and ...